Prepare for an Economic Slowdown, Warns SGIA Economist

"I think we are headed for a slowdown," warns SGIA Chief Economist Andy Paparozzi in a new video interview. While he stops short of presaging a recession, he advises printers it's time to prepare.

While acknowledging that first-quarter GDP was up, he notes that the economy was not as strong as that suggests. Consumer spending and business investment only grew by a small percentage, which he finds troubling. Over the next 18 months, Paparozzi expects the economy to grow just 2%, not 3%, which will reduce GDP.

"The trade disputes have the potential to make the slowdown even more significant," he adds.